Revenue Update on Sino-Global Shipping America Ltd.(NASDAQ:SINO)

Sino-Global Shipping America Ltd.(NASDAQ:SINO) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during Pre-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.11.

Sino-Global Shipping America Ltd. (SINO) shares turned negative on Wednesdays trading session with the shares closing down -0.13 points or -4.36% at a volume of 6,63,619. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.98. The peak price level was also seen at $2.98 while the days lowest was $2.8. Finally the shares closed at $2.85. The 52-week high of the shares is $14.2 while the 52-week low is $0.4. According to the latest information available, the market cap of the company is $24 M.

Sino-Global Shipping America Ltd. is a shipping agency logistics and ship management services company. The Company’s service offerings consist of shipping agency services shipping and chartering services inland transportation management services and ship management services. The Company operates through three segments: shipping agency service shipping and chartering services and inland transportation management services. The Company conducts its business primarily through its subsidiaries in Mainland China Hong Kong Australia Canada and New York. The Company provides two types of shipping agency services: loading/discharging services and protective services. The Company’s subsidiaries in Hong Kong and Australia operate its shipping agency business. The Company’s shipping and chartering services are operated by its Hong Kong subsidiary and inland transportation management services are handled by its China subsidiary Trans Pacific Shipping Limited (Trans Pacific Beijing).

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